DIO Corporation Stock Forecast
DIO Corporation stock price down 1.40% on Monday
(Updated on May 20, 2024)
The DIO Corporation stock price fell by -1.40% on the last day (Monday, 20th May 2024) from ₩20,050.00 to ₩19,770.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.78% from a day low at ₩19,700.00 to a day high of ₩20,050.00. The price has fallen in 6 of the last 10 days and is down by -3.56% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -172 thousand shares and in total, 63 thousand shares were bought and sold for approximately ₩1.25 billion.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ₩19,539.81 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect DIO Corporation stock with a 90% probability to be traded between ₩19,244.03 and ₩22,724.49 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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039840.KQ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The DIO Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩20,717.14 and ₩21,242.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -15.15%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for DIO Corporation stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₩350.00 between high and low, or 1.78%. For the last week the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (039840.KQ) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect DIO Corporation to open at ₩19,840.00, and during the day (based on 14 day Average True Range), to move between ₩19,145.84 and ₩20,394.16, which gives a possible trading interval of +/-₩624.16 (+/-3.16%) up or down from last closing price. If DIO Corporation takes out the full calculated possible swing range there will be an estimated 6.31% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₩20,050.00, some ₩280.00 (1.42%) from the current price of ₩19,770.00, our system finds the risk reward not very attractive.
Is DIO Corporation stock A Buy?
DIO Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.043 Sell Candidate Unchanged
Predicted Opening Price for DIO Corporation of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₩19,840.00 ( 0.354%) | ₩19,770.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 039840.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20,190.00 | 2.12 % | |
| R2 | 20,056.30 | 1.45 % | ||
| R1 | 19,973.70 | 1.03 % | ||
| Current price: | 19,770.00 | |||
| Support | S1 | 19,706.30 | -0.322 % | |
| S2 | 19,623.70 | -0.740 % | ||
| S3 | 19,490.00 | -1.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22,700.00 | 14.82 % | |
| R2 | 21,500.00 | 8.75 % | ||
| R1 | 20,050.00 | 1.42 % | ||
| Current price | 19,770.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
039840 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2008 | Dec 29, 2008 | Dec 29, 2008 | ₩75.00 | 1.43% |
| 2 | Dec 27, 2007 | Dec 27, 2007 | Dec 27, 2007 | ₩75.00 | 0.625% |
| 3 | Dec 27, 2006 | Dec 27, 2006 | Dec 27, 2006 | ₩75.00 | 1.12% |
| 4 | Dec 27, 2002 | Dec 27, 2002 | Dec 27, 2002 | ₩50.00 | 4.63% |
| 5 | Dec 27, 2001 | Dec 27, 2001 | Dec 27, 2001 | ₩40.00 | 1.55% |
FAQ
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